DETROIT (Reuters) – U.S. car dealers like Don Kerstetter have every reason to be happy these days as the industry is partying like it’s 2007 — facing demand not seen since before a recession that drove General Motors (GM.N: Quote, Profile, Research, Stock Buzz) and Chrysler (FIA.MI: Quote, Profile, Research, Stock Buzz) into bankruptcy.
The owner of Classic Chevrolet Sugar Land outside Houston is on pace for another month of new-car sales above 200, driven by demand for the full-size pickup trucks that Texans love.
FRANKFURT/WARREN, Michigan (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) has named Opel’s strategy chief to run the European operations of GM’s two global brands, Chevrolet and Cadillac.
GM hopes that bringing Thomas Sedran to Chevrolet, starting next month, will help boost sales of the U.S. brand while differentiating its European strategy from Opel’s.
, June 26 (Reuters) – General Motors Co’s
introduction of its redesigned full-size pickup trucks,
which are critical to boosting profits, has probably been the
U.S. automaker’s smoothest product launch ever, Chief Executive
Officer Dan Akerson said on Wednesday.
The introduction of the 2014 Chevrolet Silverado and GMC
Sierra is crucial, as the big trucks generate more than $12,000
per vehicle in profits. It is the most important vehicle
introduction for the Detroit automaker since its bankruptcy and
$50 billion U.S. taxpayer-funded bailout in 2009.
DETROIT, June 19 (Reuters) – A new company hopes to make the
car-buying process easier for consumers and more efficient for
dealers by bringing cars to buyers for test drives, avoiding the
need to spend hours at a dealership.
With car sales people ranked below members of Congress in
trustworthiness in a Gallup poll last December and many buyers
shopping online before heading to dealer lots for a test drive
– and the accompanying sales pitch — the firm’s founder thinks
he’s targeted a sweet spot.